Blog
IRS Releases Notice 2009-68 on Safe Harbor Explanation – Eligible Rollover Distribution
The Internal Revenue Service (IRS) recently released Notice 2009-68, Safe Harbor Explanation – Eligible Rollover Distribution. Notice 2009-68 contains two safe harbor explanations that employers may...
Question of the Week: Why Do I Have a Big Withdrawal for MTA Payroll Tax This Week?
This week’s question comes from Rick, a business owner in Manhattan. This week’s tax liability expense was larger than normal, mostly due to the New York MTA Payroll Tax. Why do I have a big...
Unemployment Insurance Weekly Claims Report Update for September 19, 2009
According to the US Department of Labor, in the week ending September 19, the advance figure for seasonally adjusted initial claims was 530,000, a decrease of 21,000 from the previous week’s revised...
Tip of the Week: Manage Leaves of Absence Effectively
If not managed effectively, an employee’s absence from work - regardless of how short and temporary it may be - can strain resources and morale. Whenever an employee plans to or unexpectedly needs...
IRS Releases Notice 2009-67 on Adding Automatic Enrollment to SIMPLE IRA Plans – Sample Amendment
The Internal Revenue Service (IRS) recently released Notice 2009-67, Adding Automatic Enrollment to SIMPLE IRA Plans – Sample Amendment. Notice 2009-67 facilitates automatic enrollment by providing...
Imperial County Employers May Request 60-Day Extension
According to the California Employment Development Department (EDD), employers in the county of Imperial directly affected by the damage resulting from the severe storm may request up to a 60-day...
IRS Releases Notice 2009-66 on Automatic Enrollment in SIMPLE IRAs
The Internal Revenue Service (IRS) recently released Notice 2009-66, Automatic Enrollment in SIMPLE IRAs. Notice 2009-66, in question-and-answer format, provides rules for employers that maintain...
IRS Releases Notice 2009-65 on Adding Automatic Enrollment to Section 401(k) Plans – Sample Amendments
The Internal Revenue Service (IRS) recently released Notice 2009-65, Adding Automatic Enrollment to Section 401(k) Plans – Sample Amendments. The Notice contains two sample amendments that allow...
Question of the Week: Why Do We Have To Pay Massachusetts HICA Tax This Payroll?
This week’s question comes from Michelle, a small business owner. I have not had to pay Massachusetts HICA tax all quarter. Now I have to pay it with the last payroll of the quarter. Why do we have...
Unemployment Insurance Weekly Claims Report Update for September 12, 2009
According to the US Department of Labor, in the week ending September 12, the advance figure for seasonally adjusted initial claims was 545,000, a decrease of 12,000 from the previous week’s revised...
